Planning for the Future: Succession and Estate Planning for Small Businesses

This course provides a brief introduction to the legal principles, strategies, and challenges involved in business succession planning for family-owned businesses. Key topics include estate planning for business owners, drafting succession agreements (such as buy-sell agreements), and some of the tax implications related to succession. The course covers the role of trusts, wills, and other legal instruments in transferring ownership of companies with an eye toward minimizing disputes. Special attention shall be given to legal considerations for small businesses and closely held entities.